Tag: year

I have a confession to make. I live and work in New York City, but unless I get a major upgrade in pay, I don’t ever expect to own a home here. Why? Home prices are crazy here, but even worse than that, I think that 30 year mortgages are for suckers, and that’s the only way that I could ever be able to afford mortgage payments. Before you get all upset with me for talking down to you about your own mortgage situation, hear me out. […]

With banks paying virtually nothing in interest on small accounts, I turned to Prosper.com last year to possibly increase my rate of return. It’s time to see how the initial loans that I made are doing one full year later.

Out of 11 loans, 5 are just about one year old. In the interest of fairness, we will look at just those five. I loaned $25 to each of the 5 borrowers for a total of $125, with an unweighted average interest rate of 9.12%. I have received a total of $48.48 in principal and interest from these loans. Instead of writing this all down, why not review it all in chart form? […]

Posts navigation

Categories

Contact Info

Yes, I Am Cheap Sponsors

Disclaimer

The information contained in YesIAmCheap.com is for general information or entertainment purposes only and does not constitute professional financial advice. Please contact an independent financial professional for advice regarding your specific situation.